State Bank Of India has informed the Exchange about Transcript
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SBI submitted the transcript of its Q3FY26 post-results analyst meet held on 07.02.2026. The bank reported its highest-ever quarterly net profit of Rs. 21,028 crore, up 24.49% YoY, with operating profit rising 39.54% YoY to Rs. 32,862 crore. Net interest income grew 9% YoY to Rs. 45,190 crore, with domestic NIM at 3.12%. Credit growth was strong at 15.14% YoY, prompting management to upgrade its FY26 credit growth guidance from 12-14% to 13-15%. Asset quality remained best-in-class with gross NPAs at 1.57% and net NPAs at 0.39%, the lowest in over two decades. Management reiterated a 3% NIM guidance through the cycle for FY27-28, highlighted the new YONO platform crossing 3 crore registrations within a month, and shared a multi-year vision of scaling YONO to 20 crore users, reaching $1 billion in cross-sell income, and growing its green portfolio.
The strong quarterly performance with record profits, healthy credit growth, and improving asset quality should be positive for shareholder sentiment. The upward revision in credit growth guidance signals confidence in business momentum, while the reiterated 3% NIM guidance suggests margin stability rather than expansion going forward.